Quality

Guest · Post by **Guest** » 04.04.2007, 16:14

Hey! Is there any formula for that how expensiver can be Q1 product sold than q0?

Guest · Post by **Guest** » 04.04.2007, 16:43

I would say it's going to vary country by country, product by product, and I don't have an exact formula.

For a rule of thumb though, I say as you go up 1q you can raise your price about 10-15% and still sell the same amount in the same time.

Guest · Post by **Guest** » 04.04.2007, 17:19

so every higher level of Q circa 10-15%?

Guest · Post by **Guest** » 04.04.2007, 18:03

Roughly, yes. At least for smaller values of q. I have no idea what happens moving from q20 to q21 because it just hasn't happened yet.

Guest · Post by **Guest** » 04.04.2007, 20:31

it is very dependent on the average quality of that product being sold in certain country

Guest · Post by **Guest** » 05.04.2007, 11:47

so Quality is important only for this that you have higher Q then it is average in country?

Guest · Post by **Guest** » 05.04.2007, 13:32

Yes, exactly. A high quality is relative and wil constaltly change according to the average. Always try to specialize your research(es) as it later on will be hard to sell produckts with low quality. (Except for raw materials ofcourse)

Guest · Post by **Guest** » 05.04.2007, 16:02

Thanks for replies

Guest · Post by **Guest** » 06.04.2007, 04:18

lolish wrote:so Quality is important only for this that you have higher Q then it is average in country?

NO, I've noticed at my grocery store, that if I have quality 0 and sell 800 pears at $5 it will take about 6 hours but if I have quality 1 it will only take 3 hours.

So with higher quality you can either raise the price or lower the sell time, or both.